After winning over town planners last year, a West Coast-based manufacturer has landed a utilities grant to upgrade its first East Coast operation.
Crumb Rubber Manufacturers was awarded a $197,200 grant from National Grid last week in order to increase electricity to the manufacturing plant on Albany Street in Colonie.
CRM chose Colonie over a number of other options to set up its first East Coast operations. National Grid joined state and town leaders in securing the CRM plant, and an estimated 53 jobs, to the area. National Grid awarded the grant through its Capital Investment Incentive program.
CRM processes shredded tires to be used for a number of products, from athletic fields to playgrounds. Last February, town planners praised the company's recycling operation and proposal to bring new manufacturing jobs to the town. The National Grid grant will help expedite getting the Albany Street plant online, according to National Grid officials.
It's to help offset the cost for electricity and gas infrastructure to utilize a site or building in our service area, said Linda Hill, National Grid senior economic development specialist. "We want them to be successful and contribute back to the community when they are able."
The initiative helped CRM pay a portion of the costs to bring its power supply up from 400 amps to 4,000 amps. Manufacturers looking to relocate are looking for "plug and play" buildings where little work by way of utilities means they can move in and begin meeting demand, said Hill. Helping CRM with its utility needs by offering financial service and upgrading utilities outside the building made CRM's transition easier, and in return a sure thing in Colonie, she said.
"This is one item that helped us. There are many other items in the building, but this one helps us. It was one of the factors when we put a Colonie plant into consideration," said H. Barry Takallou, CRM president.